Lyn Alden: Gold Certificates Were Basically a Memecoin

nonredeemable for certificates, basically a memecoin. It's like, here's some gold meme coins that legally will shore up your balance sheet and we're going to actually take the actual gold. >> So, the Fed had some gold sitting on its balance sheet.And Treasury went, "Yoink, we're going to take that and we're going to give you IUS instead." >> Yeah, I still hold by the way. Uh they basically plugged a hole in their accounting that was massive at the time that is now tiny because of how nominally everything gr ...